Latest news with #RM695
The Star
4 days ago
- The Star
RM695,000 lost to online investment scam in Tangkak
TANGKAK: A 60-year-old woman lost RM695,375 after falling victim to an online investment scam that was impersonating a global investment management firm. Tangkak OCPD Supt Roslan Mohd Talib said the victim came across the offer on Facebook and contacted the suspect via WhatsApp. She was instructed to download an app via a link sent by the suspect. "Lured by promises of 100% returns, the victim made 16 transfers to four mule accounts between July 2 and Aug 13," he said in a statement on Thursday (Aug 14). The victim lodged a police report on Thursday after realising she had been scammed, with the case now being investigated under Section 420 of the Penal Code for cheating. – Bernama
Barnama
4 days ago
- Barnama
RM695,000 Lost To Online Investment Scam In Tangkak
TANGKAK, Aug 14 (Bernama) -- A 60-year-old woman lost RM695,375 after falling victim to an online investment scam impersonating trading business 'Franklin Templeton'. Tangkak police chief Supt Roslan Mohd Talib said the victim came across the offer on Facebook and contacted the suspect via WhatsApp. She was instructed to download an app called 'DESG' via a link sent by the suspect.
Daily Express
26-05-2025
- Business
- Daily Express
Insurance agency manager loses RM695,000 in Facebook investment scam
Published on: Monday, May 26, 2025 Published on: Mon, May 26, 2025 By: Bernama Text Size: Pahang deputy police chief Datuk Azry Akmar Ayob said the 60-year-old female victim was initially asked to download a mobile application after she was approached via Facebook and register by providing her personal information before making an initial investment of RM5,000. — Reuters pic KUANTAN: An insurance agency manager lost RM695,000 after being duped by a fraudulent investment scheme promoted through Facebook last month. Pahang deputy police chief Datuk Azry Akmar Ayob said the 60-year-old female victim was initially asked to download a mobile application and register by providing her personal information before making an initial investment of RM5,000. 'The victim later received a so-called profit of RM900, which convinced her to continue investing. She went on to make 22 transactions amounting to RM695,000, using her personal savings and funds borrowed from friends, all transferred to various bank accounts,' he said. 'However, when the victim attempted to withdraw the full amount of capital and profits last Friday, she was unable to do so,' he said in a statement today. He added that the victim then grew suspicious and suspected she had been scammed. She subsequently lodged a police report at the Bentong district police headquarters yesterday. The case is now being investigated under Section 420 of the Penal Code for cheating. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
26-05-2025
- The Star
Insurance manager loses RM695,000 in investment scam
KUANTAN: An insurance agency manager lost RM695,000 after being duped by a fraudulent investment scheme promoted through Facebook last month. Pahang deputy police chief Datuk Azry Akmar Ayob said the 60-year-old female victim was initially asked to download a mobile application and register by providing her personal information before making an initial investment of RM5,000. "The victim later received a so-called profit of RM900, which convinced her to continue investing. She went on to make 22 transactions amounting to RM695,000, using her personal savings and funds borrowed from friends, all transferred to various bank accounts," he said. "However, when the victim attempted to withdraw the full amount of capital and profits last Friday, she was unable to do so," he said in a statement on Monday (May 26). He added that the victim grew suspicious and suspected she had been scammed. She subsequently lodged a police report at the Bentong district police headquarters yesterday. The case is now being investigated under Section 420 of the Penal Code for cheating. – Bernama
New Straits Times
26-05-2025
- Business
- New Straits Times
Insurance manager swallows 'lucrative returns' bait, losing over RM695,000 in scam
KUANTAN: After earning RM900 profit from her first online investment, an insurance manager assumed she could rake in bigger returns. Little did the 60-year-old realise the profit was bait set by fraudsters that eventually caused her to lose RM695,000 comprising her savings and cash borrowed from friends. Pahang deputy police chief Datuk Azry Akmar Ayob said the victim from Bentong saw a Facebook advertisement offering the investment opportunity on April 2 this year. "(She contacted a woman) who introduced herself as 'Carmen Lee' claiming to be a representative of the company registered as 'Penunjuk Arah Kekayaan Malaysia'. "The victim was instructed to download an application and register her personal details. "On Feb 17, the woman made her first investment amounting to RM5,000 and received RM900 profit. "Assuming the deal was genuine (after receiving the RM900), the victim made another 22 transactions amounting to RM695,000 into several bank accounts," he said in a statement. Azry Akmar said, when the victim tried to withdraw her capital along with profit on Friday, she was informed that the process could only be completed on working days. He said the victim became suspicious about the investment scheme and realised that she had fallen victim to a scam, adding that the victim lodged a report yesterday. Azry Akmar advised the public to exercise caution and verify the phone, and account numbers at before carrying out any transactions.
